Coinbase gets FSRA approval to build tokenization hub in ADGM
Coinbase secured authorization from Abu Dhabi's Financial Services Regulatory Authority to establish a tokenization hub in the Abu Dhabi Global Market, enabling institutions to create, issue and trade digitally native assets under a regulatory framework. The approval follows in-principle clearance for Project Diamond from December 2023 and coincides with a reported on-chain investment of roughly $75 million into a Mubadala Capital private markets fund in July 2026. The deal positions Coinbase as the first major US public company to use regulated tokenized assets for on-chain financial operations and signals a regulatory and infrastructure push rather than any token launch.
Coinbase received FSRA approval and invested $75 million on-chain.
Context
The FSRA gave in-principle approval for Project Diamond in December 2023. The ADGM has…
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